Name: The Bias of the Two-Stage Least Squares Estimator
Creator: W. M. Mikhail
Keywords: 0502 economics and business, 05 social sciences, 0101 mathematics, 01 natural sciences

descriptionPublicationkeyboard_double_arrow_right Article 01 Sep 1972 English Publisher:Informa UK LimitedJournal:Journal of the American Statistical Association, volume 67, pages 625-627 (issn: 0162-1459, eissn: 1537-274X,

Authors: W. M. Mikhail;

doi: 10.1080/01621459.1972.10481263 , 10.2307/2284453

The Bias of the Two-Stage Least Squares Estimator

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Abstract

Abstract This article derives the bias of the two-stage least squares estimator to the order of T-2, T being the number of observations. It is found that when the degree of overidentification in the equation concerned is unity, the 2SLS bias is zero to this order of approximation.

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Cairo University
Egypt

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